Innoviz Technologies Ltd. (NASDAQ: INVZ) is -27.74% lower on its value in year-to-date trading and has touched a low of $2.09 and a high of $6.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INVZ stock was last observed hovering at around $2.84 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $7.00 for the next 12 months. It is also 78.15% off the consensus price target high of $13.00 offered by 6 analysts, but current levels are 36.89% higher than the price target low of $4.50 for the same period.
Currently trading at $2.84, the stock is 11.98% and -4.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.03 million and changing 0.00% at the moment leaves the stock -35.50% off its SMA200. INVZ registered -31.23% loss for a year compared to 6-month loss of -45.17%. The firm has a 50-day simple moving average (SMA 50) of $40.48 and a 200-day simple moving average (SMA200) of -$1.61.
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The stock witnessed a 5.19% gain in the last 1 month and extending the period to 3 months gives it a -34.11%, and is 4.41% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.78% over the week and 9.20% over the month.
Innoviz Technologies Ltd. (INVZ) has around 468 employees, a market worth around $429.27M and $6.00M in sales. Distance from 52-week low is 36.21% and -54.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-69.60%).
Innoviz Technologies Ltd. (INVZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Innoviz Technologies Ltd. (INVZ) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Innoviz Technologies Ltd. is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 8.50% this year.
Innoviz Technologies Ltd. (INVZ) Top Institutional Holders
The shares outstanding are 136.08M, and float is at 126.24M with Short Float at 7.23%.